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Aon Finalizes Purchase of NFP, Expanding Property and Casualty Brokerage

April 29, 2024
2 Min Reads

The purchase of NFP, a well-known middle-market business providing property and casualty broker, from Madison Dearborn Partners (MDP) and HPS Investment Partners has been finalized by Aon, a leading worldwide provider of professional services.

The $13 billion acquisition, which includes cash, assumed liabilities, and equity in the form of Aon shares, fits with the company's plan to strengthen its position in the growing middle-market market and meet the changing needs of customers in a variety of risk and wealth management areas.

 

Aon intends to enhance its risk and human capital management products by utilizing NFP's vast capabilities and skilled personnel.

 

This action further solidifies Aon's position as a worldwide leader in professional services by highlighting the company's dedication to fostering innovation and providing excellent value to customers.

 

A prominent participant in the middle market, NFP provides a full range of wealth management and insurance products to meet the various requirements of both individuals and companies.

 

The organization has made a name for itself as a reliable adviser in the property and casualty brokerage, benefits consulting, and retirement planning sectors by putting a strong emphasis on client-centric solutions.

 

"It is a historic day for our firm as we welcome NFP to Aon and work together to help clients address increasing volatility across risk and people issues," said Greg Case, CEO of Aon, emphasising the strategic significance of the purchase. Our Aon Business Services operating platform will further enable us to use high-performing people, industry-leading content, and cutting-edge capacity to generate greater value for our clients and improve long-term shareholder value generation for investors. This purchase serves as yet another illustration of how we are advancing our Aon United strategy and increasing our relevance to customers even quicker with our 3×3 Plan.

 

"The idea of being 'independent and connected' is key to how we will collaborate and create more options for clients across our Risk Capital and Human Capital capabilities," said Eric Andersen, president of Aon. We are committed to utilizing our Aon Business Services platform to accelerate the delivery of new capabilities to small and medium market clients across Aon and NFP. Doug and his colleagues have established an outstanding client-centered business.

 

"With Aon's acquisition of NFP now complete, we are starting an exciting new chapter in our company's history," continued NFP CEO Doug Hammond. We anticipate that all stakeholders will benefit from our combined experience and skills. Our capacity to meet our customers' changing risk, workforce, wealth management, and retirement demands is improved by Aon's wide range of resources and worldwide presence. We're still committed to fostering an environment that coworkers want to be a part of and cooperating to further our group's development and success.

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